Streetbeat News

Stock Prices

ASAN

CLOV

HTZ

SPR

SRPT

U.S. stocks were mixed on Friday, with the Dow Jones index gaining around 50 points. Notable stock movements included Asana's 13.4% rise following a $150 million share repurchase program, Sarepta Therapeutics' 39.2% jump after FDA approval, and Clover Health's 31% gain due to insider buying. Other significant gainers included Hertz Global, Avid Bioservices, Cabaletta Bio, ADTRAN Holdings, Studio City International, Codere Online Luxembourg, Methode Electronics, Ironwood Pharmaceuticals, Enviri Corporation, PTC Therapeutics, and Spirit AeroSystems.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 2:45 pm

NKE

Nike shares are trading higher after Oppenheimer upgraded the stock from Perform to Outperform and raised its price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:43 pm

AAPL

BABA

BIDU

VGT

VUG

Apple Inc. (NASDAQ:AAPL) is in talks with Chinese companies like Baidu Inc. (NASDAQ:BIDU) and Alibaba Group Holding Limited (NYSE:BABA) to integrate AI functions into its devices sold in China. This comes after Apple found it unlikely to get approval for a foreign large language model in China. The region is crucial for Apple, accounting for 18% of its global revenue. Apple faces increasing competition from local brands, with its market share expected to drop to 16% this year. Investors can gain exposure to Apple through ETFs like Vanguard Growth ETF (NYSE:VUG) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 2:43 pm

HTZ

Hertz shares are trading higher following the company's announcement of an upsize and pricing of a $1 billion offering.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:42 pm

BTCUSD

DOGEUSD

SHIBUSD

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant declines of 14% and 18% respectively over the past week amid a market-wide correction. Crypto trader Kevin remains optimistic about SHIB, suggesting it is a good time to start a Dollar-Cost Averaging (DCA) position. He also notes that if Bitcoin (BTC) breaks its all-time highs, SHIB could outperform. For DOGE, Kevin predicts bullish momentum if it surpasses $0.133 but warns of potential downside until then. Both coins have shown increased transaction volumes and active addresses.

Portfolio Pulse from Khyathi Dalal

June 21, 2024 | 2:36 pm

RECT

Trading halt status was updated at 10:35:00 AM ET for an IPO security, which has now been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:35 pm

XOM

Exxon Mobil has announced that a strike may impact its ability to supply certain products. This could potentially disrupt the supply chain and affect the company's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:34 pm

ANET

Investors have taken a predominantly bearish stance on Arista Networks (NYSE:ANET) as indicated by recent options trading activity. Benzinga's options scanner identified 13 unusual trades, with 61% being bearish. The trades suggest a targeted price range of $245.0 to $380.0. The stock is currently down by 2.51%, trading at $331.66.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 2:33 pm

QCOM

Deep-pocketed investors are showing a bullish stance on Qualcomm (NASDAQ:QCOM) with significant options activity. Benzinga's options scanner highlighted 25 extraordinary options activities, with a mix of bullish and bearish sentiments. Analysts maintain a Buy rating with target prices around $240.0.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 2:33 pm

GLD

NVDA

QQQ

SPY

US private sector activity in June exceeded estimates, with the Composite PMI rising to 54.6, the Services PMI to 55.1, and the Manufacturing PMI to 51.7. This indicates the fastest growth in two years. Despite the positive data, major US equity indices traded in the red, except for the Dow Jones. The SPDR S&P 500 ETF (SPY) fell 0.3%, the Invesco QQQ Trust (QQQ) dropped 0.5%, and Nvidia Corp. (NVDA) declined 3.2%. Treasury yields and the dollar rose, while gold, tracked by the SPDR Gold Trust (GLD), fell over 1%.

Portfolio Pulse from Piero Cingari

June 21, 2024 | 2:33 pm